In a time of rate policy uncertainty and a solid economy, buying stocks that offer growth at a reasonable price could be a winning move for investors, according to Jefferies. The major averages are coming off of a winning May, with all three indexes notching fresh highs. The Dow Jones Industrial Average closed above the 40,000 mark for the first time in history, while the Nasdaq Composite topped the 17,000 level for the first time on record.
Stocks also had to have a positive CAGR for earnings in the last two years Have a positive 3-month earnings revision See below for a few stocks that made the cut. One name on the list was streaming giant Netflix . The company's stock has soared nearly 32% this year, while its price/earnings-to-growth ratio is 0.9. Last week, both Morgan Stanley and Evercore ISI reiterated their outperform ratings for the stock.
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Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »